Plan Ledger DOL Form 5500 · updated monthly

Kenneth Shuler's School of Cosmetology, Inc.401(k)

KENNETH SHULER 401(K) PLAN · COLUMBIA, SC · plan year 2022

Employer contribution per participant · 2022
$1,232

Kenneth Shuler's School of Cosmetology, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $2,814,601 across 79 participant accounts, with employer contributions averaging $1,232 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in South Carolina (660th of 807), and 2,758th of 3,091 in educational services. In 2022, employees put in $1.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,814,601
Participants with balances79
Active participants100
Employer contributions$123,161
Employee contributions$183,273
Employer contribution per active participant$1,232
Average account balance$35,628
Benefits paid to participants$170,646
Plan auditUnmodified (clean) audit opinion
AuditorCANTEY, TILLER, PIERCE & GREEN, LLP
The Kenneth Shuler's School of Cosmetology, Inc. 401(k) match · 2022
Employer contribution per active participant$1,232
Median for plans this size$1,114

Kenneth Shuler's School of Cosmetology, Inc.'s 2022 employer contribution ran above the $1,114 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Same employer
Similar plansEducational Services · South Carolina
Legacy Advancement SC$7.1M · 0.15%
Learning Jungle USA, Inc SC$209K · 2.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570739053 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.